Billytt Die happy trading e/j daily breakout | Page 641 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #12,801
  • Dec 9, 2016 9:46am Dec 9, 2016 9:46am
Quoting billytt
{quote} 1st ,, i dislike bullies. My lady was married for 22 years, found she had a cheating husband so divorced him. She sorted out all of his massive debts and started anew. She bought her own house and 2 good cars also has an excellent well paid career. Then he decides with his partner that they want some of it lol. That is where i come in to it..remember 1st, i dislike bullies AND opportunists.I cannot say anything else...Happy Days... edit, chat regarded life insurance i also took an advisor...
Big guy?
Knuckles dragging?
Big gun?
Oh the imagery!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,802
  • Dec 9, 2016 12:17pm Dec 9, 2016 12:17pm
Quoting TooSlow
{quote} Big guy? Knuckles dragging? Big gun? Oh the imagery!
yes, yes and yes. He was an adviser though . It looks good on the cv.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,803
  • Dec 9, 2016 12:20pm Dec 9, 2016 12:20pm
Quoting TooSlow
{quote} Big guy? Knuckles dragging? Big gun? Oh the imagery!
Haha! Luca Brasi popped into my head.
  • #12,804
  • Dec 9, 2016 1:27pm Dec 9, 2016 1:27pm
Have a good weekend all and next week we can do it all again....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,805
  • Edited 3:08pm Dec 9, 2016 1:59pm | Edited 3:08pm
Quoting turnip15
@lemercenaire CAD Dead Zone update ( 12 to 1 pm) Question for LEM Would you short the cross of the Green bar open ( as price of present red bar descends into the green bar wick zone....or would you wait for red bar to exit entire wick zone of 12 - 1pm wick zone ? Or something different ? Thanks {image}
There are a couple of aspects to bear in mind. The H4 candle colour preceding the Dead Zone is red, so you have a statistical edge in your favour that you will get a continuation trade from that 4 hour block into the next hour - not necessarily a huge amount but enough to bag +5. Problem is, you may have to eat a bit of a move in the opposite direction first (which is actually what happened today, as price drove long as we moved into the DZ).

For the record, this is how I played it:
Price closed on the trigger candle and I entered as price dropped out of the top WZ. I actually prefer to trade these inside moves as price leaves the WZ areas, rather than BreakOuts.

Anyway, you would not enter as price enters into the lower WZ - the stats show a bias towards price always leaving the WZ areas, not entering.

If I was going to do anything different here - if I'd missed the original entry for instance - it would be to wait for an entry at:
(a) the Mid-Line (can be dangerous as price can pivot here, not continue past),
(b) a Southerly BreakOut and / or,
(c) a WZ trade long, after price reversed and came back into the DZ / Lower WZ.

You could also add a (d) here and go in aggressively as price crossed back into the DZ itself. I have been doing this more often and then adding in at the WZ Trade entry.

You can do any, some or all of these things, depending on your appetite for the day (and account size of course). Doing things this way means it's highly unlikely that you will be able to run more than this single pair but you can be done for the day big-time really quickly.

As I said earlier, I traded this by taking the Southbound WZ Trade out of the top WZ. Price moved really fast and once it reached the Mid-Line, I moved stop to half-way between upper boundary and Mid-line. Then once price hit halfway between the Mid-Line and the outer (bottom) edge of the DZ I quickly locked in profit at the Mid-Line and let it run from there. The move dropped fast, down and out the other side of the Dead Zone boundary. I moved to lock in there now and added a fib to trail price as it moved out of the DZ. This gave me another tp point before price turned back on me and closed out there.

I did not add in at all as price crossed these lines on the way down - which I have done in the past - and I had already decided not to re-enter on the way back up (if it happened - which it did, on and off throughout the day).

This was the only Dead Zone trade I took on the day and it was a coin toss between this one and the AUDUSD, which as it turns out, would have given a mirror-image of this trade. I took this trade basically because you had mentioned earlier that you were going to run it. Nothing more scientific or analytical than that. Either one had a good-looking chance of success as WZ trades.

Off for dinner now, so I will post up the charts for the day once I get back.
  • #12,806
  • Dec 9, 2016 2:20pm Dec 9, 2016 2:20pm
Quoting lemercenaire
{quote} There are a couple of aspects to bear in mind. The H4 candle colour preceding the Dead Zone is red, so you have a statistical edge in your favour that you will get a continuation trade from that 4 hour block into the next hour - not necessarily a huge amount but enough to bag +5. Problem is, you may have to eat a bit of a move in the opposite direction first (which is actually what happened today, as price drove long as we moved into the DZ). For the record, this is how I played it: Price closed on the trigger candle and I entered as price...
Thanks Lem. I will try and draw a schematic of that trade for future reference -I hope :-)
every Saint has a past. Every Sinner has a Future
  • #12,807
  • Dec 9, 2016 3:10pm Dec 9, 2016 3:10pm
Quoting turnip15
{quote} Thanks Lem. I will try and draw a schematic of that trade for future reference -I hope :-)
If you need any more info to help do that, just let me know.
  • #12,808
  • Dec 9, 2016 3:29pm Dec 9, 2016 3:29pm
Hi all. Hope everyone had a good day at the front.

As seen earlier, The Frankfurt Break did the deed early c/w EURGBP and then USDCAD followed up via The Dead Zone. Every followed pair but Cable would have given you easy WZ trades right out of the gate - and even Cable would have given you your +5 pips with one if you'd been really quick on the trigger and your spreads were tight (as they should be anyway, right ).

Anyway, here we go:

EURJPY
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USDCAD
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AUDUSD
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Click to Enlarge Name: AUDUSDM30deadzone9thdec16.png Size: 32 KB


USDNOK
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GBPNZD
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Click to Enlarge Name: GBPNZDM30deadzone9thdec16.png Size: 33 KB
  • #12,809
  • Dec 9, 2016 3:32pm Dec 9, 2016 3:32pm
Audnzd
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gbpusd
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cadjpy
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nzdusd
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nzdjpy
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Click to Enlarge Name: NZDJPYM30deadzone9thdec16.png Size: 34 KB
  • #12,810
  • Dec 9, 2016 3:33pm Dec 9, 2016 3:33pm
XAUUSD
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  • #12,811
  • Dec 9, 2016 3:49pm Dec 9, 2016 3:49pm
Quoting lemercenaire
{quote} There are a couple of aspects to bear in mind. The H4 candle colour preceding the Dead Zone is red, so you have a statistical edge in your favour that you will get a continuation trade from that 4 hour block into the next hour - not necessarily a huge amount but enough to bag +5. Problem is, you may have to eat a bit of a move in the opposite direction first (which is actually what happened today, as price drove long as we moved into the DZ). For the record, this is how I played it: Price closed on the trigger candle and I entered as price...
What is the definition of the DEAD ZONE?
It is a time?
It is a price range?
We're not on the same page.
May not be in the same book - LOL!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,812
  • Dec 9, 2016 3:51pm Dec 9, 2016 3:51pm
Quoting TooSlow
{quote} What is the definition of the DEAD ZONE? It is a time? It is a price range? We're not on the same page. May not be in the same book - LOL!
The Dead Zone is the hour just before the NY 8am open ---- So the one hour candle of 7am.
  • #12,813
  • Dec 9, 2016 4:12pm Dec 9, 2016 4:12pm
Quoting TooSlow
{quote} What is the definition of the DEAD ZONE? It is a time? It is a price range? We're not on the same page. May not be in the same book - LOL!
At its heart, the Dead Zone is the usually comparatively quiet hour before the US Open and by extension, the range of that candle expanded into the trading day with boundaries at the High and Low of that H1 candle (with Mid-Line of that range added).

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1deadzoneegforTooSlow9thdec16.png Size: 40 KB
  • #12,814
  • Dec 9, 2016 5:53pm Dec 9, 2016 5:53pm
Quoting lemercenaire
{quote} At its heart, the Dead Zone is the usually comparatively quiet hour before the US Open and by extension, the range of that candle expanded into the trading day with boundaries at the High and Low of that H1 candle (with Mid-Line of that range added). {image}
vous lisser causer vous
  • #12,815
  • Dec 10, 2016 8:10am Dec 10, 2016 8:10am
hi all,

have you taken a look of this thread: http://www.forexfactory.com/showthread.php?t=608433?

The most accurate trader I've seen here on FF lately

He uses futures volume a proxy for FX
  • #12,816
  • Dec 10, 2016 5:38pm Dec 10, 2016 5:38pm
Quoting DavidRP
hi all, have you taken a look of this thread: http://www.forexfactory.com/showthread.php?t=608433? The most accurate trader I've seen here on FF lately He uses futures volume a proxy for FX
I think everyone here will be aware of Trader Dale.
  • #12,817
  • Dec 11, 2016 7:03am Dec 11, 2016 7:03am
Quoting lemercenaire
{quote} I think everyone here will be aware of Trader Dale.
Futures market and spot are totally different go on CME. Volume and open interest on futures fx is real but the market is very thin.
  • #12,818
  • Dec 11, 2016 10:51am Dec 11, 2016 10:51am
Quoting claudia1
{quote} Futures market and spot are totally different go on CME. Volume and open interest on futures fx is real but the market is very thin.
Which would make the broker volumes nearly the same, right?
  • #12,819
  • Dec 11, 2016 11:20am Dec 11, 2016 11:20am
Quoting wannalearn12
{quote} Which would make the broker volumes nearly the same, right?
No. Spot has no official volume. What you see from your broker is tick based and is basically what they have on their books at the time.

Every 'broker' will therefore show different volumes so it really means nothing.

Futures is a different game. The exchange shows actual volume.
  • #12,820
  • Dec 11, 2016 1:06pm Dec 11, 2016 1:06pm
Inserted Video


You must remember this T.

Rip Greg.
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